Lamps & Lighting - Central Asia | Statista Market Forecast

In Central Asia, the revenue generated in the Lamps & Lighting market in 2024 amounts to US$113.60m.
It is projected that this market will experience an annual growth rate of 0.62% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, with US$32bn in 2024.
In terms of per capita figures, each person in Central Asia generates revenues of US$1.43 in 2024.
Central Asia has seen a surge in demand for traditional handmade lamps, reflecting a growing appreciation for local craftsmanship.

Definition:

The Lamps & Lighting segment covers different types of lamps and lights found inside buildings to provide light to carry out activities. This segment includes table and floor lamps, chandeliers, ceiling lights as well as other lamps and light fittings commonly found indoors. Candles, consumer electronics, and household appliances are not included in this segment.

Structure:

The Lamps & Lighting segment is divided into three subsegments:

The Table & Floor Lamps subsegment covers lighting fixtures designed to provide task or ambient lighting to indoor spaces. These lamps typically consist of a base, a stem, and a lampshade and contribute to the overall decor of a room while providing functional lighting.
The Ceiling Lights & Chandeliers subsegment refers to lighting fixtures that are mounted on ceilings to provide ambient lighting. These fixtures range from simple to elaborate lighting fixtures and are available in a variety of styles, sizes, and materials to suit different interior design tastes.
The Light Bulbs and Fittings subsegment includes products such as light bulbs, sockets, and other accessories used to provide and control lighting in indoor spaces.

Additional Information:

The Lamps & Lighting segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Chandeliers, wall, and ceiling lights
Standing lamps
Decoration lighting such as Christmas tree lighting
Light bulbs and fittings

Candles
Consumer electronics
Household appliances

The Lamps & Lighting market in Central Asia is experiencing significant growth due to several key factors. Customer preferences for energy-efficient and eco-friendly lighting options, along with the increasing urbanization and infrastructure development in the region, are driving the demand for lamps and lighting products. Additionally, local special circumstances such as government initiatives and regulations are also contributing to the market's development.

Customer preferences: in Central Asia are shifting towards energy-efficient and eco-friendly lighting options. As consumers become more aware of the environmental impact of traditional lighting sources, they are opting for led and other energy-saving lamps. The long lifespan and lower energy consumption of these products make them attractive to customers who are looking for cost-effective and sustainable lighting solutions. Trends in the market show a growing demand for smart lighting systems in Central Asia. With the advancement of technology and the increasing use of smartphones and other smart devices, customers are looking for lighting solutions that can be controlled remotely and offer additional features such as color-changing capabilities. The convenience and flexibility of smart lighting systems are driving their popularity in the region.

Local special circumstances: such as government initiatives and regulations, are also contributing to the growth of the Lamps & Lighting market in Central Asia. Governments in the region are implementing energy efficiency programs and promoting the use of energy-saving lighting options. These initiatives aim to reduce energy consumption and carbon emissions, aligning with global sustainability goals. Additionally, regulations on the phasing out of incandescent bulbs and the promotion of led lighting further drive the demand for lamps and lighting products in Central Asia. Underlying macroeconomic factors, such as increasing urbanization and infrastructure development, are also fueling the growth of the Lamps & Lighting market in Central Asia. As more cities are being built and existing infrastructure is being upgraded, there is a growing need for lighting solutions in residential, commercial, and public spaces. The construction of new buildings, roads, and public facilities creates opportunities for the installation of lamps and lighting products, driving the market's growth. In conclusion, the Lamps & Lighting market in Central Asia is experiencing significant growth due to customer preferences for energy-efficient and eco-friendly lighting options, increasing urbanization and infrastructure development, government initiatives and regulations, and

Underlying macroeconomic factors:. The demand for smart lighting systems and the shift towards sustainable lighting solutions are driving the market's development in the region.

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

From homeware to office furniture, even expanding over to pet care, the furniture industry is all-encompassing and ever-growing. Be it homes, schools, offices, or even outdoors, furniture is what gives a room its function and purpose.